Eric Trump, son of U.S. President Donald Trump and co-founder of mining firm American Bitcoin (ABTC), is once again pounding the table on Bitcoin’s long-term trajectory. Speaking at the Bitcoin Asia 2025 conference in Hong Kong, Trump told the crowd there was “no question” Bitcoin would eventually trade at $1 million per coin.
Trump isn’t new to bombastic Bitcoin predictions—he first floated the million-dollar target back in December 2024. But this time, his conviction was underscored by what he sees as a tidal wave of institutional and sovereign adoption.
“Nation-states are buying the hell out of Bitcoin. Fortune 500 companies are buying the hell out of Bitcoin. The biggest families, the biggest corporations on Earth—they all want Bitcoin. Everyone is buying Bitcoin. That’s why I’ve always said, in the next several years, there’s no doubt in my mind that Bitcoin hits $1 million.”
According to Eric Trump, even with Wall Street desks, billionaires, and sovereign wealth funds quietly stacking sats, the market is still in its infancy. “We’re still early,” he said, pointing out that the majority of global investors have yet to internalize the idea of digital money as the future of finance.
Context: From Politics to Mining
Trump has become one of Bitcoin’s most visible political-adjacent champions, pushing a narrative that aligns with the Trump family’s pro-crypto pivot after years of skepticism. His company, ABTC, recently made headlines after U.S.-based miner Gryphon Digital Mining approved a reverse merger with the firm. Once finalized, the deal will see ABTC trade on the Nasdaq, giving Trump’s Bitcoin vehicle a much larger public profile. Gryphon’s stock, already riding the wave, is up more than 230% since May, including a 42% surge last week as the merger approached completion.
Eric Trump at BTC Asia 2025
Meanwhile, Markets Cool Off
Of course, Trump’s bullish rhetoric comes during a momentary pullback in price. Bitcoin has corrected nearly 13% from its mid-August all-time high of $124,500 and has slipped below the 50-day EMA—a level traders watch closely as short-term support. Analysts remain split: technicals hint at more near-term downside, but long-term narratives, like Trump’s, are increasingly bullish.
Bitcoin is currently at $109,000, Source: BNC
Eric Trump is leaning into Bitcoin’s “inevitability” story—the same one many OGs have been telling for a decade. The difference now is that institutional adoption, political will, and corporate accumulation are no longer hypotheticals; they’re happening. Trump’s $1 million call may still sound outrageous, but in a world where governments, multinationals, and billionaires are quietly stacking sats, the outrageous often just means “early.”
Source: https://bravenewcoin.com/insights/eric-trump-doubles-down-bitcoins-inevitable-march-to-1-million-at-btc-asia-2025